Tata Motors, Microsoft ink technology collaboration deal

MUMBAI - Tata Motors Ltd and Microsoft India on Thursday announced a strategic collaboration on the technology front to make driving a more personalised experiences for the customers, the companies said in a joint statement.

The first vehicle showcasing the vision of the enhanced driving experiences will be unveiled at the Geneva International Motor show on

IL&FS Engineering bags Rs 123.05 cr pipeline laying contract

Infrastructure developer IL&FS Engineering and Construction Company Ltd on Thursday said it has received Fax of Acceptance (FOA) from Gas Authority of India Ltd (GAIL) for 2 pipeline laying contracts worth Rs 123.05 crore (plus service tax) in Kerala / Karnataka.

“IL&FS Engineering Services wins Rs 123.05 cr pipeline laying contract,” the company said in a filing t

Asian Paints to acquire Causeway Paints

Asian Paints today said its subsidiary Berger International will fully acquire Sri Lanka's Causeway Paints in an all cash deal. "Berger International Pvt Ltd, Singapore, indirect subsidiary of the company, has entered into a share purchase agreement with the existing shareholders of Causeway Paints Lanka (Pvt) Ltd (CPLPL), Sri Lanka, for acquisition of 100 per cent stake in CPLPL in an

Hindustan Oil Exploration bags 2 contracts in DSF 2016

HOEC has said that it is pleased to announce the award of two contract areas to the company in consortia with Oil India Limited, Prize Petroleum Limited and other private company by the Government of India in the recently concluded bidding for Discovered Small Field Bids Round (DSF 2016).

One of the contract area is offshore field B-80, located in the Mumbai Offshore about 56 square k

Cyient partners ASE S.p.A for joint market development

Cyient Inc., a subsidiary of Cyient Limited, a global provider of engineering, manufacturing, data analytics, network and operations solutions has said that it has partnered ASE S.p.A., a privately-owned Italian company, and a leading supplier of electrical power generation and distribution systems to the international aerospace and defence industry, for joint market development of products in

Palred Technologie`s LatestOne.com launches new private label `DaZon`

Palred Technologies Ltd has said that LatestOne.com has launched ‘DaZon Wrist Watches’ for Men & Women which is in line with LatestOne.com’s strategy of continuously innovating and introducing promising categories to meet rapidly changing customer needs and demands.

After achieving India’s no. 1 position as e-tailer of tech & mobile accessories, LatestO

Paytm clocks Rs 5,000 cr worth transactions in January

Spurred by demonetisation, online payments platform Paytm clocked Rs 5,000 crore worth of transactions in the month of January, Paytm's founder Vijay Shekhar Sharma said according to the PTI report. "We clocked Rs 5,000 crore worth of transactions in January alone, that's 200 million transactions in volume terms," Sharma told reporters on the sidelines of Nasscom India Leaders

Thomas Cook India arm acquires 64% stake in Comtel Solutions

Travel services provider Thomas Cook India today said its arm Quess Corp has acquired 64 per cent stake in Singapore-based technology service provider Comtel Solutions Pte Ltd for an undisclosed sum. "Quess Corp Ltd, a subsidiary of Thomas Cook (India) Ltd, has completed acquisition of 64 per cent equity in Comtel Solutions Pte. Ltd., Singapore on February 14, 2017," the company said

DLF promoters in last leg of talks for Rs 12-14k cr sale deal

DLF's promoters are in the final stage of discussion with potential investors to sell their 40 per cent stake in the company's rental arm DCCDL Ltd for an estimated Rs 12,000-14,000 crore, reported PTI. DLF, the country's largest real estate developer, had announced in October 2015 that its promoters would sell their entire stake in DLF Cyber City Developers Ltd (DCCDL), which holds

Unitech Q3 loss widens to Rs 17.13 cr

Country's second largest real estate firm Unitech Ltd has reported that its consolidated net loss widened to Rs 17.13 crore for the third quarter ended December 31, 2016. “The consolidated net loss of the realty major stood at Rs 12.25 crore during the same period a year ago,” Unitech Ltd said in a filing to the Bombay Stock Exchange.

However, the consolidated total in

Indian equities surge on positive global cues

Indian equities surged during the mid-afternoon trade session on Thursday as positive global cues and short covering buoyed investors' sentiments.

The key domestic indices traded in the green, as healthy buying was witnessed in automobile, IT and healthcare stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up by 34.50 points or 0.40 per cent to

Plan to amend mining rules for allocating offshore mineral blocks: Minister

The government plans to amend mining rules to ensure transparency in the award of prospecting licences for 100 identified offshore mineral blocks soon, Union Coal and Mines Minister Piyush Goyal said on Wednesday.

"We will not wait for a new law to come. We will bring about amendments to the rules to bring in transparency for the award of exploration and production licences in 10

Reliance Defence, UAE firm ink MoU for advanced aerospace manufacturing

Reliance Defence Limited (RDL) and Strata Manufacturing PJSC (Strata) of the UAE have signed a Memorandum of Understanding (MoU) to collaborate on advanced aerospace manufacturing capabilities, it was announed here on Wednesday.

"The potential partnership, which follows extensive discussions between the two companies, will look at opportunities in the production of Carbon Fibre C

Bajaj Auto demands no extension of deadline for BS IV norms

Bajaj Auto on Wednesday said all its two- and three-wheelers manufactured from January 2017 are compliant with BS IV norms and demanded no amnesty be granted in meeting the deadline of April 1, 2017.

The Environment Pollution Control Authority (EPCA) directed neither the sale nor the registeration of any pre- BS IV vehicle from April 1, 2017.

"As a responsible

Reliance Jio crosses 100 mn customers: Mukesh Ambani

Reliance Industries Ltd Chairman and Managing Director Mukesh Ambani on Wednesday said the company's newly-launched telecom venture Reliance Jio has crossed 100 million customer base.

"When we started Jio we set a target of 100 million customers in shortest time. Even we didn't imagine we will do it in months. Aadhaar enabled us to acquire a million customers a day,

Maruti Suzuki launches Ertiga Limited Edition

Automobile major Maruti Suzuki India on Wednesday launched its multi-purpose vehicle (MPV) Ertiga Limited Edition priced between Rs 7.85 lakh and Rs 8.10 lakh (ex-showroom, New Delhi).

"The all-new features of Ertiga Limited Edition highlight the company's focus on building a customer connect through product differentiation while creating delight," R.S. Kalsi, Execu

Air India to focus on international and regional flight expansion

In a major expansion drive, national passenger carrier Air India on Wednesday said it plans to add six new international destinations to its network in 2017.

"We are going to add six more international spots this year," said Ashwani Lohani, Chairman and Managing Director, Air India.

"This year we are going to connect Delhi with Tel Aviv and Delhi wit

High potential for air travel growth in India during 2017: Boeing

 Global aerospace major Boeing on Wednesday said that it saw a high potential for air travel growth in India during 2017.

"The major factors we watch - the exchange rate, fuel price and the profitability of the airlines - are all still favourable and we remain confident in the strong growth of India's commercial aviation sector," said Dinesh Keskar, Senior Vice

Mukesh Ambani's 5-point advice for new enterpreneurs, startups

 Counselling a five-point tip-sheet for budding entrepreneurs and potential start-up founders, Reliance Industries Chairman Mukesh Ambani on Wednesday said it is essential to find a passion for solving a problem without focusing primarily on financial returns.

"First, you have to figure out what you want to do. As an entrepreneur, it is important to find a passion... a

Jio is for affordability in a world where data is new oil: Mukesh Ambani

Reliance Industries Ltd Chairman and Managing Director Mukesh Ambani said on Wednesday the company's newly-launched telecom venture Reliance Jio stands for affordability and data is the new oil in the industry.

"Jio was conceived at a time when the world was fast digitising. What the Jio platform offers is partner with the next generation to solve problems for India to make s

India's trade deficit narrows to $9.8 billion in January

NEW DELHI  - India's foreign trade deficit narrowed to $9.84 billion in January from a provisional $10.4 billion a month ago, government data showed on Wednesday.

Merchant exports grew 4.32 percent year-on-year to $22.12 billion last month, while imports rose 10.7 percent to $31.96 billion, the Ministry of Commerce and Industry said in a statement.

Jio stands for affordability in a world where data is new oil: Mukesh Ambani

Reliance Industries Ltd chairman and managing director Mukesh Ambani on Wednesday said the company's newly launched telecom venture Reliance Jio stands for affordability and data is the new oil in the industry.

"Jio stands for affordability. Jio is conceived at a time when the world was in the phase of digitising. Data is the new oil," Ambani said.


Pepsi blames global macro concerns for weak outlook; shares fall

By Sruthi Ramakrishnan

PepsiCo Inc forecast 2017 adjusted earnings below analysts' estimates, citing weakness in its international markets, particularly in developing regions such as Asia, Middle East and North Africa.

The company said it expected organic sales growth of 3 percent this year, slower than the 3.6 percent in 2016.

Shares of the company, which repo

RBI inks MoU with Bank of Zambia for info exchange

The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Bank of Zambia. The MoU was signed by Dr Denny H Kalyalya, Governor on behalf of Bank of Zambia and Dr Urjit R. Patel, Governor on behalf of Reserve Bank of India.

The Reserve Bank has entered into Memorandam of Understanding, Lette

Disappointing Q3 results, global cues drag equities lower

Increased chances of an upcoming US rate hike, along with disappointing quarterly results, dragged the Indian equities markets lower on Wednesday.

The key domestic indices provisionally closed more than half a per cent down, as heavy selling pressure was witnessed in automobile, healthcare and consumer durables' stocks.

The wider 51-scrip Nifty of the National Stock Exch